Gabelli Global Trust Announces Ongoing Monthly Distributions

Gabelli Global Utility & Income Trust Sustains Monthly Cash Distributions

The Gabelli Global Utility & Income Trust (NYSE American: GLU) has reiterated its commitment to providing consistent monthly distributions to its shareholders. This initiative underscores the Trust's ongoing strategy aimed at delivering robust financial returns while focusing on tax-advantaged income for investors.

Monthly Distribution Amounts Declared

Recently, the Board of Trustees approved cash distributions of $0.10 per share for the months of October, November, and December. This decision reflects the Trust's dedication to maintaining a stable income stream for its investors during these uncertain financial times.

Monthly Distribution Schedule

The upcoming distribution schedule is as follows:

• January 2025: Record Date - January 16, Payable Date - January 24, Distribution per share - $0.10
• February 2025: Record Date - February 13, Payable Date - February 21, Distribution per share - $0.10
• March 2025: Record Date - March 17, Payable Date - March 24, Distribution per share - $0.10

Review and Adjustment of Distribution Levels

Each quarter, the Board assesses the potential distributions based on income, realized capital gains, and available capital. This proactive approach enables the Trust to adjust distributions as necessary, ensuring alignment with the overall market environment and the Trust's net asset value.

Tax Considerations for Investors

The Fund's distributions may be treated as long-term capital gains or qualified dividend income, which could influence the tax implications for shareholders. Understanding how these distributions interact with individual tax situations is crucial; hence, investors should keep abreast of current tax laws, including potential surcharges applicable based on income levels.

Return of Capital Insights

If the Fund's earnings do not cover the distributions made in a given fiscal year, the excess may be considered a return of capital. Since this aspect reduces the shareholder's original investment basis, it generally remains tax-free. Therefore, investors should closely monitor how returns of capital may affect their overall investment strategy.

Understanding Distribution Components

For the current year, approximately 17% of the total distributions to common shareholders will stem from net investment income, while the remaining 83% is expected to be classified as a return of capital. Shareholders will be informed of the exact figures and tax treatment post-year-end through official documentation.

Ongoing Investor Communication

The Gabelli Global Utility & Income Trust emphasizes transparency and ongoing communication with its shareholders. Investors will receive critical updates regarding the breakdown of distributions, helping them make informed decisions about their financial strategies.

About Gabelli Global Utility & Income Trust

Managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI), the Gabelli Global Utility & Income Trust aims to deliver a reliable after-tax total return while focusing on providing tax-advantaged dividends. With total net assets of approximately $124 million, the Trust plays a significant role in offering its investors a disciplined approach to income generation.

Frequently Asked Questions

What is the amount of the declared monthly distribution?

The Gabelli Global Utility & Income Trust has declared a monthly cash distribution of $0.10 per share for October, November, and December.

How often does the Board of Trustees review the distribution?

The Board reviews the distribution amount quarterly, considering income, capital gains, and market conditions.

What happens if the Fund's earnings do not meet distribution levels?

If the Fund does not generate sufficient earnings, any excess distributed may be deemed a return of capital.

How can investors stay informed about their distributions?

Investors will receive regular updates about their distributions, including tax treatment information, via official notices post-year-end.

Who manages the Gabelli Global Utility & Income Trust?

The Trust is managed by Gabelli Funds, LLC, which is a part of GAMCO Investors, Inc.

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